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| Author: | Beckmann, T. Forbes, W. |
| Title: | An examination of takeovers, job loss and the wage decline within UK industry |
| Journal: | European Financial Management
2004 : MAR, VOL. 10:1, p. 141-165 |
| Index terms: | Job design Pay Restructuring Trust Wealth United Kingdom |
| Language: | eng |
| Abstract: | The effects of takeovers on workers' employment prospects and wages in the UK are investigated for the years 1987-1995. The idea that takeovers involve a "breach of trust" is directly addressed. The findings indicate no support for the breach of trust hypothesis and rather suggest shareholders and workers in the post-acquisition joint entity are locked in a form of "equal misery" following the execution of the takeover. |
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